India Business News: NEW DELHI: Searing heat across many parts of the country may be powering demand for ACs, cold drinks, and refrigerators, but has temporarily punctured.
Car Loans: State Bank of India (SBI), the country s largest lender, is set to link the commission it pays to car dealers for sourcing loans to sales, aiming to reduce costs and improve profitability. The revised payout structure will be applicable for all sourcing from June 1. Under the existing structure, dealers would earn a flat 2% commission for loan disbursals ranging from INR 50 lakh to INR 15 crore.
car loans: SBI changes gears, links car dealer commissions to their performance indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
Heatwave impacts car sales in India with dwindling footfall and delayed purchases. Dealers increase discounts and offer home test drives to attract buyers. Inventory stress expected in June as demand declines.
Newswire & Press Release / FADA and Frost & Sullivan Launch Pioneering Customer Experience Index (CEI) Study - Automotive / Trucking / RV - Frost & Sullivan newswiretoday.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newswiretoday.com Daily Mail and Mail on Sunday newspapers.